Unions Are Less Likely to Strike Today Than in the Past

question 95

Multiple Choice

Unions are less likely to strike today than in the past because

• A)employers are more willing to hire strike breakers
• B)fewer workers, both union and nonunion, are willing to cross picket lines
• C)most workers in the U.S.cannot permanently lose their jobs
• D)real wages have increased over the last 20 years
• E)many high-profile strikes (e.g., Caterpillar)have resulted in union victories

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Definitions:

Consumer Demand

The desire and willingness of consumers to purchase a certain quantity of goods or services at various price points, at a particular time.

Competitive Increasing-cost Industry

An industry where supply costs increase as output expands, often because resources become scarcer or harder to obtain as production grows.

Long-run Equilibrium

A state in which all firms in a perfectly competitive market earn zero economic profits, with no incentives for new firms to enter or existing firms to exit.

Decrease in Demand

A situation where consumers' willingness and ability to purchase a product at all price levels declines, represented by a leftward shift of the demand curve.